Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
J M SMUCKER Co incurred term loan of $800 million with Bank of America, N.A. at base rate or Term SOFR rate plus applicable margin (base rate margin 0.000%–0.62 maturing third anniversary of the Acquisition Closing Date.
- Instrument
- term loan
- Principal
- $800 million
- Counterparty
- Bank of America, N.A.
- Rate
- base rate or Term SOFR rate plus applicable margin (base rate margin 0.000%–0.62
- Maturity
- third anniversary of the Acquisition Closing Date
- Event
- incurrence
Exact text from the filing
On September 27, 2023, The J. M. Smucker Company (the “Company”) entered into that certain Term Loan Credit Agreement (the “Term Loan Agreement”) with the various lenders named therein and Bank of America, N.A., as administrative agent for the lenders (the “Term Loan Agent”). The Term Loan Agreement provides for an unsecured $800 million term facility that may be borrowed substantially concurrently with the closing of the Acquisition (as defined below) and matures on the third anniversary of the Acquisition Closing Date (as defined below) (the “Term Loan Maturity Date”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
J M SMUCKER Co entered into Term Loan Credit Agreement with various lenders named therein and Bank of America, N.A., as administrative agent valued at $800 million (effective 2023-09-27).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- various lenders named therein and Bank of America, N.A., as administrative agent
- Value
- $800 million
- Effective
- 2023-09-27
Exact text from the filing
On September 27, 2023, The J. M. Smucker Company (the “Company”) entered into that certain Term Loan Credit Agreement (the “Term Loan Agreement”) with the various lenders named therein and Bank of America, N.A., as administrative agent for the lenders (the “Term Loan Agent”).
View on SEC.gov